Ex-Div Reminder for Tyson Foods, Inc. (TSN) Monday, February 25, 10:59 AM ET, by Market News Video Staff On 2/27/13, Tyson Foods, Inc. (TSN) will trade ex-dividend, for its quarterly dividend of $0.05, ...
XLI, UPS, DE, CMI: ETF Outflow Alert Wednesday, February 27, 1:05 PM ET, by Market News Video Staff Symbols mentioned in this story: XLI, UPS, DE, CMI Exchange traded funds (ETFs) trade just ...
MOO, POT, ADM, BRFS: ETF Outflow Alert Thursday, February 28, 11:06 AM ET, by Market News Video Staff Symbols mentioned in this story: MOO, POT, ADM, BRFS Exchange traded funds (ETFs) trade just ...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of Deere & Co. (NYSE:DE) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $75.10 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 31.6. A bullish investor could look at DE's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DE shares:
According to the ETF Finder at ETF Channel, DE makes up 7.10% of the Agribusiness ETF (AMEX:MOO) which is trading lower by about 0.8% on the day Wednesday.
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